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Search Results 0 to 6 of about 7 (some duplicates have been removed)
drury is here with what's moving your money. mandy, a lawsuit against standard & poor's has been filed. what's that about? >> they're suggesting that s&p ignored their own standards to raise mortgage bonds that imploded in the financial crisis. we know the story well. and at the end of the day, it really cost investors billions of dollars and wreaked a lot of havoc. the civil charges by the u.s. attorney general, eric holder, are the first action against a credit rating firm over the crisis, but s&p said it came out with a statement yesterday and said the government suit is entirely without factual or legal merit and it also denied wrongdoing. so we're just going to have to see how this story unfolds from here, chris. >> and what is going on with gas prices? i was in california overing the weekend, a little sticker shock there. but it's certainly not just there. most expensive ever for this time of year. >> ever, ever. the current average is $3.53 a gallon. that is, of course, the average nationwide. that is up 23 cents from a month ago, and this time last year, prices were $3.48 a gal
drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of letters and other mail, as you can imagine, has been declining with the increasing use of e-mail. also post offices now open on saturdays will remain open on saturdays. and the postmaster general thinks that most americans are going to take this new schedule in stride and be onboard. let's listen in. >> 70% of americans have consistently said that they would support five-day schedule for mail and package delivery given the financial condition of the postal service. >> and also, keep in mind, you know what the post office's biggest problem is, chris? it's not really so much due to the reduced mail flow. it's
to the torino games. >>> a mega merge ser about to take off. mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those two air carriers would be executed as a reorganization plan that takes amr out of chapter 11 bankruptcy protection and the combined company would be worth apparently more than $10 billion. so as we say, we could be getting that finalization of an announcement in the next couple of weeks. we'll have to watch out. >> is another story i know you've been watching, "jansing & co." meets at 5:30 in the morning. i'm going to say we're not always completely awake, but people's eyes bugged open this morning when we heard about this milestone for apple itunes.
is coming to a screeching halt for hundreds of yahoo workers. mandy drury is here with what's moving your money. the new ceo there ruffling a lot of feathers. what's going on? >> on friday, annoyed employees at yahoo leaked a memo from human resources banning telecommuting. some of the best decisions come from hallway and cafeteria discussions. impromptu meetings. you can images inin this day and age social media jumped on it especially on twitter where one person wrote hey, marisa, 1980 just called and want their work environment back. as for why a yahoo dash what will happen at yahoo, some people may decide to head to the exit. experts say companies like google are really keen to -- yeah hoop he's tool talent and may pounce. when asked for a comment a spokesperson wrote we do not comment on rumors or speculation or internal maters. >> you wonder if they might figure out a compromise on that. we shall see. >>> we talked about americans cut become spending. apparently not when it comes to our beloved pets. >> animal lovers spent a record $ 53 billion on food, vet care, kennels and various
Search Results 0 to 6 of about 7 (some duplicates have been removed)